A number of travel companies in the U.S. and Europe have closed in the past year due to poor consumer sentiment and intense competition. Among the casualties is Iceland’s Tango Travel, which ceased operations in November 2025 following the bankruptcy of partner Play Airlines. Other notable shutdowns include Sweden’s MixxTravel and France’s Expedis Exploration, which both left travelers without refunds during abrupt closures.
In the United Kingdom, several travel agencies have faced similar challenges, including Great Little Escapes and Jetline, which both closed in the summer of 2025. New Era Travel also entered liquidation later that year. The recent collapse of Hertfordshire-based Regen Central Ltd was prompted by the loss of its necessary licensing at the start of January 2026.
The most recent firm to announce its closure is Gold Crest Holidays, a well-established British agency based in Ilkley, West Yorkshire. With over 30 years of experience focusing on tours to Disneyland Paris, the company has cited the COVID-19 pandemic, strategic partner issues, and rising operational costs as contributing factors to its decision to enter voluntary liquidation.
In a message to customers, Gold Crest Holidays expressed gratitude to loyal patrons, travel agents, and staff, while regretting its inability to continue operations. Customers have been advised that all future departures are canceled, although they may still be able to use previously purchased park tickets or hotel bookings. The shutdown is also expected to impact many Yorkshire travel agents associated with Gold Crest.
Why this story matters:
- Reflects the ongoing challenges faced by the travel sector post-COVID-19.
- Highlights the vulnerability of travel agencies to market fluctuations.
Key takeaway:
- A significant number of travel companies are struggling amid competitive pressures and economic instability, leading to abrupt closures.
Opposing viewpoint:
- Some in the industry argue that innovation and adaptation could help travel companies thrive despite market difficulties.
